No NPC Society sets up to revive token presale market with December 15 offering

• No NPC Society’s token, NONPC’s presale launches December 15 for 48 hours.
• The presale will have a 300 SOL soft cap and an 800 SOL hard cap through the Smithii launch platform.
• The project uses Squads Protocol multisig vaults for treasury management and locks 30% of supply into liquidity with LP tokens locked for six months on Raydium.

No NPC Society’s presale is set to launch its NONPC token presale on December 15, setting its soft cap at 300 SOL, up to an 800 SOL hard cap. The early access token sale will go live on the Smithii launch platform. 

The NONPC token presale comes amid general crypto price volatility after a historically bad November and the mixed performance of the crypto presale market, which remains active into December. 

When does the NONPC token presale open? 

No NPC Society announced that the official presale of its native token $NONPC will open on December 15, and it will run for 48 hours. The project markets itself as a new type of meme token that focuses on transparency and verifiable decentralization.

The presale offers 10% of the total supply through Smithii, a Solana launch platform. According to the statement shared with Cryptopolitan, the presale has a 300 SOL soft cap and an 800 SOL hard cap. It also set a strict 20 SOL per-wallet purchase limit to ensure fair distribution. 

The per-wallet purchase limit is a move to get ahead of Sybil attacks that have marred similar recent token launches, where a small cluster of wallets claim most of a token’s supply early, allowing them to manipulate prices later on.

The token takes advantage of Solana’s high speed and low transaction costs. Its total supply of 1 trillion tokens were all minted at launch, eliminating the possibility of hidden reserves or discretionary minting after the token goes live.

The project’s treasury, custody, and operational funds are secured through Squads Protocol multisig vaults. Squads is recognized as a leading multisig solution on Solana, securing over $10 billion in value and trusted by major organizations across the ecosystem. 

The multisig security means that multiple digital signatures are required to approve transactions, preventing sole control and single points of vulnerability. 

Long-term allocations, including the founder’s share, development fund, and DAO treasury, are locked with Ledger-backed signers, adding another layer of security.

Crypto presales make a comeback

The company clarified that 30% of the total token supply will be committed to liquidity. The LP tokens will be locked for six months on Raydium, a major decentralized exchange on Solana.

Additionally, 85% of the SOL raised during the presale will be deployed directly into initial liquidity to establish a strong trading foundation when the token launches publicly. 

The liquidity lock mechanism is important for presale participants because it addresses the concern of developers removing liquidity immediately after launch. 

Historically, the crypto presale market is an opportunity for market participants to get in early on projects. For example, the SUI token sold at $0.03. The token’s early investors saw gains of over 17,800% when the token hit its all-time high. 

BlockchainFX (BFX) is currently priced at $0.03 with a confirmed launch price of $0.05. The project has raised over $11.9 million and attracted over 19,400 buyers. Other tokens with active presales include Bitcoin Hyper (HYPER) and Remittix (RTX), which have raised about $29.03 million and $28.5 million respectively. 

Remittix (RTX) has sold 693 million tokens at $0.119 each, with a wallet app already in the Apple App Store and Android release on the way.